From: Jim Burnes <jim.burnes@ssds.com>
Date: Fri, 19 Sep 1997 02:49:09 +0800
To: Robert Hettinga <rah@shipwright.com>
Subject: Re: Preparing the Remnant for the far side of the crisis
In-Reply-To: <v0311070eb046c146ecf3@[139.167.130.248]>
Message-ID: <Pine.LNX.3.95.970918122938.805B-100000@is-chief>
MIME-Version: 1.0
Content-Type: text/plain





On Thu, 18 Sep 1997, Robert Hettinga posted:
(and someone else wrote)

> >
> >     In 1999, chaos will hit the financial markets, all over the world --
> >assuming that this does not happen earlier, which I do not assume.  The
> >public will know the truth in 1999: THE DEFAULT ON U.S.
> >GOVERNMENT DEBT IS AT HAND.  The tax man won't be able to
> >collect in 2000.  The tax man will be blind.  Consider how many banks
> >and money market funds are filled with T-bills and T-bonds.  Consider
> >how the government will operate with the IRS completely shut down.
> >Congress hasn't thought much about this.  Neither has Bill Clinton.

Two words,

"Sell Bonds!"


> "... however it may deserve respect for its usefulness and antiquity,
> [predicting the end of the world] has not been found agreeable to
> experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
> The e$ Home Page: http://www.shipwright.com/

Interesting juxtaposition, eh?

Jim Burnes

      "How do you explain school to higher intelligence?"
               Elliot to his brother in ET